Flowers Foods’ (FLO) “Hold” Rating Reiterated at Stephens
Other equities research analysts have also recently issued research reports about the company. Pivotal Research decreased their price objective on Flowers Foods to $26.00 and set a buy rating on the stock in a report on Thursday. Zacks Investment Research upgraded Flowers Foods from a hold rating to a buy rating and set a $21.00 price objective on the stock in a report on Monday, November 13th. TheStreet cut Flowers Foods from a b- rating to a c rating in a report on Thursday, November 9th. SunTrust Banks restated a hold rating and set a $20.00 price objective on shares of Flowers Foods in a report on Friday, November 10th. Finally, BMO Capital Markets restated a hold rating and set a $19.00 price objective on shares of Flowers Foods in a report on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $21.00.
Shares of Flowers Foods (NYSE FLO) opened at $20.37 on Friday. Flowers Foods has a fifty-two week low of $16.80 and a fifty-two week high of $21.00. The company has a current ratio of 1.27, a quick ratio of 1.01 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $4,269.75, a price-to-earnings ratio of 28.69, a PEG ratio of 3.48 and a beta of 0.91.
In other Flowers Foods news, insider Stephen R. Avera sold 68,908 shares of the business’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $19.33, for a total transaction of $1,331,991.64. Following the transaction, the insider now owns 553,989 shares in the company, valued at $10,708,607.37. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Brad K. Alexander sold 81,000 shares of the business’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $19.07, for a total value of $1,544,670.00. Following the transaction, the insider now owns 245,412 shares in the company, valued at approximately $4,680,006.84. The disclosure for this sale can be found here. Insiders sold 270,935 shares of company stock worth $5,224,268 in the last quarter. 15.81% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently modified their holdings of FLO. Alliancebernstein L.P. lifted its stake in shares of Flowers Foods by 5.5% during the second quarter. Alliancebernstein L.P. now owns 110,664 shares of the company’s stock worth $1,916,000 after purchasing an additional 5,733 shares in the last quarter. New York State Common Retirement Fund lifted its stake in shares of Flowers Foods by 3.9% during the second quarter. New York State Common Retirement Fund now owns 385,700 shares of the company’s stock worth $6,676,000 after purchasing an additional 14,499 shares in the last quarter. UBS Asset Management Americas Inc. lifted its stake in shares of Flowers Foods by 10.4% during the second quarter. UBS Asset Management Americas Inc. now owns 165,906 shares of the company’s stock worth $2,872,000 after purchasing an additional 15,672 shares in the last quarter. Northern Trust Corp lifted its stake in shares of Flowers Foods by 2.4% during the second quarter. Northern Trust Corp now owns 1,644,927 shares of the company’s stock worth $28,473,000 after purchasing an additional 37,845 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Flowers Foods by 20.0% during the second quarter. Dimensional Fund Advisors LP now owns 2,054,115 shares of the company’s stock worth $35,558,000 after purchasing an additional 342,563 shares in the last quarter. Institutional investors own 66.44% of the company’s stock.
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Flowers Foods Company Profile
Flowers Foods, Inc is a producer and marketer of packaged bakery products. The Company operates in two segments: direct-store-delivery segment (DSD Segment) and warehouse delivery segment (Warehouse Segment). The DSD segment produces fresh breads, buns, rolls, tortillas and snack cakes sold primarily by a network of independent distributors to retail and foodservice customers in the areas of the United States: East, South, Southwest, California, and select markets in the Midwest, Pacific Northwest, Nevada, and Colorado.
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